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Posted: Tue Jun 10, 2008 7:24 am Subject: help

so what do i do now? i dont have the 2981.45 at the moment. i am just scared because he said that the papers were ready for the court, he asked me if i received any paperworks i said no, i checked my mail yesterday and there was none. so i dont know if he's just threatening me but he's willing to help me out though, i have their number 1-866-816-3176 . but where am i going to get 2981.45? i mean we dont have that much in our bank account considering my husband is the only one working =[ .i mean are they willing to make monthly payments? cos i'll be glad to do that but i cant 2981.45 right away. ......

Guest · Posted: Tue Jun 10, 2008 7:35 am Subject:

Don't let them scare you erica, those are most likely false threats in an attempt to get you to pay right away.

Posted: Tue Jun 10, 2008 7:40 am Subject: help

i know,its my fault though for not paying on time and for having alot of late payments. what should i do ? cos i need to call him today at 11AM?

Posted: Tue Jun 10, 2008 7:44 am Subject:

You must look at your monthly expenses and see what you can pay after basic needs are met.Do not disregard the basic needs to pay on a debt as it could tilt you in far worse situations.

Posted: Tue Jun 10, 2008 7:48 am Subject: help

oh of course. that's true. am i still going to court if i dont pay the 2981.45 right away ? because thats the only thing thats stressing me right now =[ .

Posted: Tue Jun 10, 2008 7:52 am Subject:

They must first retain a lawyer,file a lawsuit,and then serve you before you can go to court.

Posted: Tue Jun 10, 2008 7:54 am Subject: help

oh okay, the guy i talked to yesterday said, the papers are ready for court and that i have to pay 7000 with the attorney but i didnt receive any paperwork yet though?

Posted: Tue Jun 10, 2008 8:04 am Subject: reply

if you are served it be by either your sheriff or some summons are sent through the mail.if by some quirk you do go to court,you can work arrangements.chances are the judge will not force a full payment.call this guy's bluff,tell him you will see him in court.

Posted: Tue Jun 10, 2008 8:11 am Subject: help

thank you guys for all your responses. i deeply appreciate it. i have to call this guy back , hopefully he can make arrangements, he's willing to help me out so we will see if he's telling the truth. i have nobody to help me out so he has to make arrangements somehow right? i need a miracle right now !

Yote · Posted: Thu Jun 19, 2008 8:05 am Subject:

Most of my faily has recieved a call from Creditor's Exchange, they stated they were from the State's General Auditors Office, has to be a violation. They left a call back number and a "case" number. But when my sister called back the message stated Creditor's Exchange, WTF? She played dumb as if they got the wrong person. So I informed my family to ignore and not to call back. But what is the next step? I assume this hit their radar as my father just pasted away. Vultures!

Guest · Posted: Fri Jun 20, 2008 12:24 am Subject:

They are a bunch of loudmouth cowards that hide behind there phones, they called my son's house about my debt and used bad profanity towards him. I would love to meet some of these loudmouth cowards in person and teach them a thing or two.

Posted: Fri Jun 20, 2008 5:50 am Subject:

You definately won't go to jail. I got sued for a reposession, and was taken to court. Yes, it was my debt, so I didn't fight it or anything. I told the judge that I was not able to pay the $$ they offered me at the reduced charge, and I needed to make payment arrangements. So after the hearing, the lawyer and I sat and talked and made an arrangement that I could work with which was $100/month. This is what I offered the agency to avoid court, but they said they would only take a payoff. So, if by change, you DO get sued and taken to court, do NOT stress it. Judges aren't out to take everything from you. As long as you show a willingness to make some sort of arrangement, you will find that a judge is MUCH more understanding than any collection agency *insert unkind word here* will ever be.
Hang in there, for me, the worst part of this WHOLE situation was the stress I put myself through beforehand.

yote · Posted: Mon Jun 23, 2008 8:23 am Subject:

Here's the twist... As stated above my father pasted away and I don't know if the debt can be transfered to my mom or not?

Posted: Tue Jun 24, 2008 4:20 am Subject:

Transfering a debt from one spouse to another is usually only allowed in a community property state or the debt falls under the doctrine of necessities. You now need a lawyer to sort that question out.

asfadsfadsfasd · Posted: Thu Jun 26, 2008 8:23 pm Subject: a

Check the fair debt collection regulations (they're online). A collection agency is not allowed to threaten a lawsuit unless they totally intend to do so (most won't if the amount is under a few thousand). Furthermore, most of the companies to whom you own the orignal debt hold the strings and do not authorize any collection agency to mention the word "sue, judgment, etc." If the collection agency threatens anything such as filing papers or suing, then you probably want to contact the original company and ask them if they intend to sue you. Just be calm and most likely you'll receive the same. Also, if possible, make sure you record everything you can or at least take excellent notes (get names, numbers, etc). In other words, collection agencies take a huge cut on your debt, while the original company only wants whatever you can pay. Again, read/study the fair debt collection practices and know what is legal and what isn't (the statute is pretty specific).

SHILOHDREAM · Posted: Fri Aug 29, 2008 2:40 pm Subject: creditors exchange...those SOBs!

my brother and my father have the same exact first and last name. A few years back him and my dad made a deal on some property my dad had to cosign for. We got a lawyer, went to court but nothing came out of it. Seemed we owed HSBC mortgage on a shortpay but that was 'NEVER PROVEN" eventually our lawyer quit, even he knew it was bullsh, but we did get court documents over the years. We hadn't heard anything since around may of 2007. Now all of a sudden Creditors exchange is harassing my parents, I told my brother cos this is actually his debt. Meanwhile I pretend Im someone else and "habla no ingles." is that a good idea to pretend I am someone else? My father, who is ill and dying knows nothing about this and lives with me. What can I do??

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